Chapter 7.II, Problem 21RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent.

List Price |
Trade Discount |
Trade Discount Rate |
Net Price |

La Bella, a chain of clothing boutiques, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount of

a. What is the amount of the trade discount?

b. What is the net amount LaBella owes Sandy Sport for the merchandise?

**(a)**

To determine

**To calculate:** The trade discount if La Bella, a chain clothing boutique, purchased merchandise with a total list price of

Explanation

**Given Information:**

It is given that La Bella, a chain clothing boutique, purchased merchandise with a total list price of

**Formula used:**

Trade discount is computed by multiplying the trade discount rate with the list price.

**Calculation:**

Consider the list price is

**(b)**

To determine

**To calculate:** The net price if La Bella, a chain clothing boutique, purchased merchandise with a total list price of

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